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Demand for normal goods goes down when prices rise. Supply of normal goods goes up when prices rise. Neither is consistently true of housing in the markets we'r
by mrec 10y ago
Demand for normal goods goes down when prices rise. Supply of normal goods goes up when prices rise. Neither is consistently true of housing in the markets we're talking about.
- ktRolster 10y agoNeither of those is consistently true of any product, you are doing it wrong. Drawing supply and demand curves as a straight line is the economics equivalent of a frictionless surface, or a perfect sphere.